Hecla Mining Company Earnings: Beats Wall Street

Hecla Mining Company (NYSE:HL) delivered better than expected earnings. Hecla Mining Company explores, develops, and mines precious metals, gold and silver. The Company has operations in the United States and Mexico.

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Hecla Mining Company Earnings Cheat Sheet for the First Quarter

Net Income Results: $43.2 million; $0.16 per share.

Revenue: $136.4 million; $56.5 million increase over the same period in 2010.

Actual vs. Wall St. Expectations: Earnings came in above average estimates for $0.13 a share (YahooFinance).

Key Stats: $79.6 million in Gross profit, more than double the amount for the same period in 2010;
$43.2 million Net income applicable to shareholders, or $0.16 per share; EBITDA of $81.0 million in comparison to $31.7 million in the same period in 2010; $60.9 million in Operating cash flow; $43.1 million increase over the same period in 2010.

Silver production of 2.5 million ounces at total cash cost of $1.03 per ounce, net of by-products.
Cash and cash equivalents of $321.7 million, a $38 million increase in the quarter.

Competitors to Watch: Silver Wheaton Corp. (NYSE:SLW), Pan American Silver (NASDAQ:PAAS), SilverCorp Metals (NYSE:SVM), Silver Standard Resources (NASDAQ:SSRI), Hecla Mining Company (NYSE:HL), First Majestic Silver (NYSE:FR), and Coeur d’Alene Mines Corporation (NYSE:CDE).

Stock Performance: Shares of HL are flat.

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